“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
James Madison called public debt “a public curse.” The U.S. has been cursed for most of its existence, and the curse continues to grow at a dizzying pace. The only time in U.S. history that the debt was fully paid off was during President Andrew Jackson’s...
The government wants your money. It will beg, steal or borrow if necessary, but it wants your money any way it can get it. This is what comes of those $1.2 trillion spending bills: someone’s got to foot the bill for the government’s fiscal insanity, and that “someone”...
This weekend’s late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie. Just at the brink of “disaster,” just before the stroke of midnight, Congress pulls off a miracle and passes an omnibus bill to save us from...
It takes a lot of money to run the biggest government in the history of the world. The federal government ran a $1.695 trillion budget deficit in fiscal 2023. It was the third-largest deficit in U.S. history. The only time the feds ran bigger deficits was during the...
We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we...